Gaia (NASDAQ:GAIA) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Gaia (NASDAQ:GAIA) in a research note published on Saturday. The firm issued a buy rating on the stock.

Separately, Lake Street Capital increased their price objective on shares of Gaia from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Gaia Price Performance

Gaia stock opened at $5.00 on Friday. The company has a fifty day simple moving average of $5.10 and a 200-day simple moving average of $5.11. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $117.35 million, a price-to-earnings ratio of -18.52 and a beta of 0.71. Gaia has a 52-week low of $2.78 and a 52-week high of $6.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gaia during the third quarter worth about $49,000. Dimensional Fund Advisors LP increased its holdings in shares of Gaia by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 338,638 shares of the company’s stock worth $1,493,000 after buying an additional 13,865 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Gaia by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 179,050 shares of the company’s stock valued at $872,000 after buying an additional 21,870 shares during the period. Finally, Peapod Lane Capital LLC acquired a new position in Gaia in the fourth quarter valued at approximately $2,804,000. Institutional investors and hedge funds own 40.53% of the company’s stock.

About Gaia

Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.